Company

Corporate Venture Capital

BayWa r.e sold its U.S. wind project Wagner

Wind

01-10-2018

BayWa r.e. announced that it has sold its Californian Wagner wind park to the renewables operator Greenbacker Renewable Energy Company, LLC.

The 6 MW wind project was developed, constructed and operated in-house and was placed-in service in December 2012. The project is selling its energy and renewable certificates under a long term 20- year power purchase agreement to the City of Riverside.

The two Vestas V90 3 MW project are still the largest generators deployed in the Palm Springs wind corridor, which is widely considered the birth place of the U.S. wind energy market. Earlier in the year, the Company sold its nearby 46,5 MW project as well as its 25 MW project in October.

“The sale of our Wagner Wind project rounds up a successful year for our U.S. Wind business and is the third project sold in 2017. We are preparing the next projects for construction and are looking forward to transact with buyers and sellers on exciting projects,” says Florian Zerhusen, CEO of BayWa r.e. Wind LLC.